Trump auto tariffs: Wall Street reacts as stocks slide
Automakers get walloped by new Trump tariffs.
Automakers get walloped by new Trump tariffs.
(Bloomberg) -- Vanguard Group held discussions with major alternative asset managers in recent months to explore potential tie-ups that would market private assets to individual investors.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesThe talks
Global automaker stocks are tumbling Thursday, a day after President Donald Trump announced a 25% tariff on the import of foreign-made cars and auto parts not compliant with the U.S.-Mexico-Canada Agreement (USMCA).
While many strategists have been lowering their S&P 500 year-end targets, they don't think a sell-off in large-cap tech stocks is likely to continue.
(Reuters) -Paul Atkins, a former Wall Street regulator whom President Donald Trump has tapped to run the U.S. Securities and Exchange Commission, is set to testify at a Senate confirmation hearing on Thursday at a time of major change at the agency and across the federal workforce. Jonathan Gould, Trump's nominee to supervise the largest U.S. banks as comptroller of the currency, is also set to appear, along with Luke Pettit and Marcus Molinaro, Trump's picks for senior roles at the Treasury and Transportation departments, respectively. In prepared remarks released Wednesday, Atkins avoided addressing White House efforts to slash the SEC's workforce as part of broader government cuts, instead pledging to deliver regulation that would benefit the crypto industry and prevent "overly politicized" regulations from stifling free enterprise.
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(Reuters) -The S&P 500 ended lower on Thursday, as investors grappled with U.S. President Donald Trump's latest trade tariff announcement that hit shares of General Motors and Ford. Trump unveiled on Wednesday his plan to implement a 25% tariff on imported cars and light trucks effective on April 3, while the duty on auto parts begins on May 3. Investors are also bracing for a wave of reciprocal tariffs Trump plans to unveil on Wednesday, although the president has hinted there may be room for flexibility.
Trump’s 25% tariff on auto imports jolts equity markets and draws backlash, with European industry groups warning of supply chain shocks, rising prices, and job risks while analysts flag earnings pressure.View on euronews
(Bloomberg) -- Hedge funds have started to snap up the shares of economically sensitive companies that had cratered over the past month as recession worries rocked US stock markets.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesLast week, they
Ball has gotten torched over the last six months - since September 2024, its stock price has dropped 23.6% to $51.53 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.